Taco Potze DrupalEurope - Darmstadt, 2018 ICOs, a revolutionary way to raise money for your company
I am.. Taco Potze co-Founder of GoalGorilla (2008) co-Founder of Open Social (2015) co-Founder of the THX Project (2018)
Raising capital is very difficult. Very few people have access to these individuals with money. Even with access, it’s highly unlikely to obtain the funds without giving up massive amounts of ownership. Now with the advent of ICOs, Initial Coin Offerings, people regardless of skin color, religion or geographical location have the opportunity to raise capital without the sacrifice of ownership. Dan Emmons #BUIDL @Emmonspired on Twitter
However... If your only reason to do an ICO is to raise money. You will fail. Why? You will learn today..!
Today we will talk about Topics Distributed Ledger Technology ● What is an ICO? ● How to do an ICO? ● The THX DAICO project ● Q&A ●
Timeline ICO Payments madness 2017 2009 2015 2018 2013 Bitcoin Ethereum Reflection
Distributed Ledger Technology Centralized Distributed Decentralized
https://blockgeeks.com/guides/what-is-blockchain-technology/
Sudhir Khatwani, Editor In Chief at CoinSutra on Quora
https://medium.com/@josh_nussbaum/blockchain-project-ecosystem-8940ababaf27 - 2017
Initial Coin Offering (ICO) “… fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. ” Nasdaq, 2017 A Total of 43.155 verified contract source codes found at https://etherscan.io/contractsVerified
July and August were slow ICO months Slow down in ICOs. Why? Problems with regulators ● Startups raised money without clear plan ● Delays in launching products. ● Scams ● Companies vs. open source projects ● hype phase is over. ●
Trough of Disillusionment: Interest wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.
To ICO, or not to ICO? 1. Is your technology a platform? 2. What will your platform add to the crypto/blockchain community that isn’t already being served by someone else? 3. Does your technology need it’s own token? 4. Does your project make a good use-case of DLT? 5. Do you definitely need an ICO? 6. Can you execute your ICO plan? By Ioana Frincu
Ingredients to a successful ICO Show/prove the utility of your token ➢ Have the team, advisors and partners ➢ Have a (open-source) community ➢ Legislation and banking support (KYC/AML) ➢ Marketing and communication ➢ Prototype and executable roadmap ➢ Show market potential ➢ Create a winning white paper (+ tech paper) ➢
By GoalGorilla and Open Social Introduction to the THX (DA)ICO
powered by GoalGorilla We are an... Award-winning agency GoalGorilla won the Dutch Interactive Awards in 2015 and funded Open Social™ with equity crowdfunding: 10,5% at a $2.3M valuation
We have a working... Product Open Social ™ is not simply software, but a true platform. Open source and flexible, it powers +/- 800 active installations.* (click for video) * drupal.org/project/usage/social
“ Sending over 50.000 invites to users of various UN legacy platforms was a crucial moment. It was great to see double figure sign-up Zach Hongola Information rates. Together with Open Social we made Systems Specialist the first consultation period a success.” at UNDP
However there’s still a... Problem Social technologies don’t reach their full potential because engagement falls short.* * Correlation and causal relation between usage and performance. When adoption is done right, impact is as high as computers in '80-'90 and big data, McKinsey Read our White Paper �
Powered by GoalGorilla Step into the future of social technology An ecosystem that rewards online community members for valuable and healthy behavior.
Project structure How are we organized? Founded in 2008, experienced team of 25+ people, 65% GoalGorilla developers. Leading several large open source projects with company a network of partners. ^ THX The THX token generates value for social technologies, for example end users of online communities. token ^ Other platforms With Open Social we launch the THX + Open Social ™ ready for token to hundreds of communities launching THX adoption and 100.000+ people. platform
The THX ecosystem A token of appreciation Community Members ● Spend tokens online and in real-life, motivating engagement. ● Enjoy a reputation system, which creates trust. ● Are protected by a fair reward settlement through voting. Community Organizers ● Drive engagement with incentives, increasing adoption. ● Show added value, making communities accountable. ● Pool funds to guarantee the economic sustainability.
The THX ecosystem Our solution 1 The THX Reward Pool 2 The THX Reward System 3 The THX Wallet
The THX ecosystem Roadmap
powered by GoalGorilla NV Step into the future of social technology Safely buy the THX token with our DAICO
Step into the future of social technology DAICO, the safe ICO Token holders Participate in a Distributed Autonomous Initial Coin Offering (DAICO) ● Vote on the funding that ultimately impacts the project roadmap. ● Vote on a refund poll if the project is not meeting expectations. ● In addition Token supply caps determined by circulating value within communities ● (equation of exchange) leaving room for appreciation. Read our White Paper �
Step into the future of social technology Token allocation
Step into the future of social technology Private soft cap $4 million
Step into the future of social technology Public hard cap $16 million
There are many ways to show your appreciation but only one way to show you mean it. THX. A token of appreciation!
You’re welcome THXproject.com getopensocial.com Open Social website drupal.org/project/social Drupal Project page demo.getopensocial.com Demo environment goalgorilla.com/en Agency Website
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